Gold was down 0.16 per cent while silver rose 0.97 per cent. Base metal counters were trading mixed with nickel and aluminium in the red. Crude oil fell 0.06 per cent while its peer natural gas added 0.78 per cent.
Brent crude for January delivery, a contract that expires on Monday, dropped 90 cents, or 1.9%, to $47.28 a barrel by 0944 GMT. The more actively traded February Brent contract was down 89 cents at $47.36.
Financial markets worldwide have gained in most sessions over the past couple of weeks as U.S. drugmakers Pfizer Inc and Moderna Inc as well as Britain's AstraZeneca released positive trial data on the effectiveness of their vaccine candidates.
Edible oil prices have been rising since May despite the pandemic-led demand destruction due to global factors and shortage of domestic mustard crop. India reduced the import duty on crude palm oil with effect from November 27 following an increase in oil prices by nearly 50% in the past six months.
U.S. West Texas Intermediate crude futures for January fell 40 cents, or 0.9%, to $45.13 a barrel.
When the biggest coal mining and coal power companies see their future in renewable energy, it is time for the policy makers to start planning for coal phase-down and Just Transition of coal mining districts.
"This (intermittent power) is one of the major concerns brought up by grid operators, power companies and utilities. With solar, we have already issued the round-the-clock and the peak power tender," he said at RE Invest Friday. RE Invest is the flagship event organised by MNRE that is taking place on November 27 and November 28. The event was inaugurated by Prime Minister Narendra Modi on Thursday.
Chief ministers from Uttar Pradesh, Gujarat, Madhya Pradesh, Rajasthan, and Himachal Pradesh spoke on Friday at the 3rd edition of RE-Invest, organised by the Ministry of New and Renewable Energy. These states have significant renewable energy capacities, and announced plans to expand them further.
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